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95
Dec 5, 2012
12/12
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WBAL
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both sides seem to be digging in their heels with no move to avoid the fiscal cliff. fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising revenue by closing tax loopholes not by raising rates own the wealthy as the president has demanded. >> we're not insisting on rates out of spite but rather because we need to raise a certain amount of revenue. >> we can't keep borrowing mown and raising taxes and expect the problem to go away. >> with no solution in sight the white house budget is now ordering the pentagon and other an an jencies to finalize their plan to avoid massive spending cuts. >> secretary of state clinton says nato's decision missiles to turkey sends a clear message that tour ski is backed by its allies. the big concern remains an increasely desperate assad regime will turn to chemical weapons as rebel fighting rages on. the u.s. and its partners are looking to apply additional pressure on at a conference next week. the regime insists they would not use weapons against its people. >> a natural gas tanker arrive
both sides seem to be digging in their heels with no move to avoid the fiscal cliff. fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising revenue by closing tax loopholes not by raising rates own the wealthy as the president has demanded. >> we're not insisting on rates out of spite but rather because we need to raise a certain amount of revenue. >> we can't keep borrowing mown and raising taxes and expect the problem to go away....
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98
Nov 30, 2012
11/12
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KTVU
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eye 98
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the reason for that is really clear: a lot of it has to do with the fiscal cliff. > the fiscal cliff. you asked some questions about that. what were the findings there? > > we really asked about how much is the fiscal cliff impacting you in terms of whether you are going to hire or not. what we found is that 60% of folks said they are going to hold off on bonuses for wait and see what happens with the fiscal cliff before they make some decisions around that. we saw almost 40% of small businesses saying, "if we even thought about hiring, we are going to wait until we get some kind of resolution around the fiscal cliff. and most concerning to me, 60%+ of small businesses don't believe the government can figure out how to solve this fiscal cliff. > c'mon congress and president. all right, michael alter. i'm going to see you in a month. let's see if some things are improving. i appreciate it. > > i can only hope. thanks for having me. just ahead, are banking stocks ready to short circuit? a couple of traders charge in with their views after the break. >-.y÷$@y+o3vhpe the time has come fo
the reason for that is really clear: a lot of it has to do with the fiscal cliff. > the fiscal cliff. you asked some questions about that. what were the findings there? > > we really asked about how much is the fiscal cliff impacting you in terms of whether you are going to hire or not. what we found is that 60% of folks said they are going to hold off on bonuses for wait and see what happens with the fiscal cliff before they make some decisions around that. we saw almost 40% of small...
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183
Dec 27, 2012
12/12
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FOXNEWSW
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so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being fiscally responsible when it's not. what's going to happen? a lot of taxes will go up but taxes will go up on everybody, not injure the guy around the tree that's paying for everything but everyone will have to pay. and then folks will realize the government we are voting for costs us money too. >> that's the thing. if we don't go over the cliff and they don't reach a compromise, what will happen? they can't afford to keep spending like this. won't spending have to go down by virtue after compromise not being reached? spending will go down a little bit becau
so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being...
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139
Nov 16, 2012
11/12
by
CNBC
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eye 139
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you know what, fiscal cliff, no fiscal cliff, we're still having an amgen party here. inappropriate balloon moment there. they make all kinds of drugs for many serious illnesses. it has seven products in development that are starting phase three clinical trials in the early part of next year. phase three means it's getting near fruition. amgen could double earnings per share over the next eight years. that is much better than a sharp stick in the retina. amgen reported on october 23rd after the close and the company delivered spectacular results and was a true triple play. earnings came in $1.67, and revenues 5.9% year over year. when the street was looking for $4.25 billion. management's four-year guidance, substantially higher than the analysts expecting. those were fabulous numbers. no surprise that the stock shot up from $87.32, to nearly $90 in after hours trading. however, the next day amgen started to come back down, and since then, courtesy of the fiscal cliff, the stock is only going further downhill. it's down 6.3% from its highs after doing everything we wan
you know what, fiscal cliff, no fiscal cliff, we're still having an amgen party here. inappropriate balloon moment there. they make all kinds of drugs for many serious illnesses. it has seven products in development that are starting phase three clinical trials in the early part of next year. phase three means it's getting near fruition. amgen could double earnings per share over the next eight years. that is much better than a sharp stick in the retina. amgen reported on october 23rd after the...
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Dec 26, 2012
12/12
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WMAR
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eye 69
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cliff gently. >>> starbucks is taking a stand on the fiscal cliff. the chain's ceo is asking stores to write "come together" on the coffee cups they sell tomorrow. starbucks says workers are not required to write the message though. >>> there is a positive sign for the economy that housing is rebounding. home prices were up more than 4% in october compared to a year ago. that's the biggest percentage gain in more than two years. despite increase home price are still down 29% from the peak in june of 2006. >>> it's become as much of a seasonal shopping tradition as black friday, the day people return gifts and look for a better deal. >> reporter: earlier today it looked and felt like the day after christmas with the falling snow and people in their cars sloshing their way to the stores in the mall. >> my aunt gave me a gift card to macy's. i was going to see what they have. if there's something i like, i will get my mom to buy it. >> i don't have any returns. >> i'm returning my coach purse because i'm getting a different color. >> reporter: for many
cliff gently. >>> starbucks is taking a stand on the fiscal cliff. the chain's ceo is asking stores to write "come together" on the coffee cups they sell tomorrow. starbucks says workers are not required to write the message though. >>> there is a positive sign for the economy that housing is rebounding. home prices were up more than 4% in october compared to a year ago. that's the biggest percentage gain in more than two years. despite increase home price are still...
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Dec 26, 2012
12/12
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CNBC
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eye 272
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talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people in the stores telling me all week, saying that this is the worst pre-christmas they had seen in over a decade, and part of that was because their consumers are worried about the fiscal cliff, so note to the government. it does matter. >> yeah, but that's, as you say, part of it. laura, what else is going on? it just felt like we were going into a lackluster season here. what happened? >> i mean, there's been some discussion about weather trends as well, but whether or not we go over the fiscal cliff, consumers think next year we'll see higher taxes and lower entitlements.
talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people...
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121
Dec 27, 2012
12/12
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MSNBCW
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eye 121
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people seem to think the fiscal cliff is fix the debt. the problem with the fiscal cliff, the thing we're trying to avoid, the actual danger to the economy, is that we will get too much deficit reduction too quickly. if reducing the deficit was what the economy needed we could go right off the cliff and leave it there. you can see it in this graph, that line going down. that is the fiscal cliff, we went over our deficit problems, gone baby, totally, totally gone. one thing the fear of the fiscal cliff shows by the way, in the fox hole, everyone's a kinsian. everyone agrees. that is number one. too much austerity way too quickly. president obama is not asking for that much in taxes. it's worth getting a bit of perspective in here. you'll be shocked to know, we got a graph for that. here's what happens if we go over the cliff. you get more than $5 trillion in tax increases off the bat. and now here's what happens if we pass the sainted simpson bowles plan. you've heard of the plan. they have 2.6 trillion in tax increases. president obama's
people seem to think the fiscal cliff is fix the debt. the problem with the fiscal cliff, the thing we're trying to avoid, the actual danger to the economy, is that we will get too much deficit reduction too quickly. if reducing the deficit was what the economy needed we could go right off the cliff and leave it there. you can see it in this graph, that line going down. that is the fiscal cliff, we went over our deficit problems, gone baby, totally, totally gone. one thing the fear of the...
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Dec 5, 2012
12/12
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MSNBCW
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. >> i'm worried about the fiscal cliff in the same way i'm worried about martians. >> fiscal cliff. >> fiscal whatever it is. >> is this a rerun? >> still no progress as all sides jockey for position. >> i would say we're nowhere. >> speaker john boehner issued a downer offer yesterday. >> the white house quickly dismissed it. >> the speaker's proposal is out of balance. >> it is more of the same. >> it is not me being positive. it is the math. >> magic math. >> magic beans and fairy dust. >> president obama did win the election. >> me thinks somebody made him king. >> no. i don't think that's right. >> he doesn't see where he stands in the universe. >> i would say we're nowhere. >> are we that far apart? >> both sides want a deal. >> a matter of math. >> try to stay away from hypotheticals. >> it won't pass. >> discussions abo u >> unicorns. >> they're imaginary beasts. >> magic beans. >> magic math. >> an enchanted universe. >> outrageous. >> the whole thing is going wacky. >> i would say we're nowhere. >> i don't envy the position the speaker is in. >> we're nowhere. you just mig
. >> i'm worried about the fiscal cliff in the same way i'm worried about martians. >> fiscal cliff. >> fiscal whatever it is. >> is this a rerun? >> still no progress as all sides jockey for position. >> i would say we're nowhere. >> speaker john boehner issued a downer offer yesterday. >> the white house quickly dismissed it. >> the speaker's proposal is out of balance. >> it is more of the same. >> it is not me being positive....
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205
Dec 27, 2012
12/12
by
FOXNEWSW
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eye 205
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cliff is not the fiscal cliff. it should be really called returning to the clinton era tax rates, which isn't that the democrats dream to return to the clinton era tax rates? >> no. that was 39%. i don't think that's a big deal and not comparable to what the rates were under reagan or going back to even clinton. clinton was 39%. >> that's where we are going, 39%. >> what about this? every time bainner and obama gets close to a deal, obama moves the goalpost back. >> because he's playing hardball. he's going, republicans, i don't care about that, i get that for free. he's kind of the guy that came to play and staunch for his side. >> the american people, when you look at the policy, they think it's president obama who is willing to compromise. >> because he's able to fit it in. because he hasn't conceded anything. >> and who are the obstructionists? who is afraid to move? it's my ideology, i can't negotiate. and even if we go off the cliff we endanger the whole economy. >> again, the idea of add hearing to a princip
cliff is not the fiscal cliff. it should be really called returning to the clinton era tax rates, which isn't that the democrats dream to return to the clinton era tax rates? >> no. that was 39%. i don't think that's a big deal and not comparable to what the rates were under reagan or going back to even clinton. clinton was 39%. >> that's where we are going, 39%. >> what about this? every time bainner and obama gets close to a deal, obama moves the goalpost back. >>...
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158
Nov 12, 2012
11/12
by
CNBC
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eye 158
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let them go over the fiscal cliff. the deal is within reach. >> and not even america's favorite stock is immune. >> why are you buying apple here? >> it was overpriced at 536. >> there is one man you can always count on. >> big pop for "sky fall." the newest installment knocked them dead at the box office over the weekend and sold tickets. >> to help us find fast money special guest is in town. let's get to it. "fast money" starts right now. >>> live from the nasdaq market site i am melissa lee. here are the top three trades. the s&p 500 is close behind. should you be buying this dip? what some of the biggest hedgefund dealers are doing to make money. black friday is so yesterday. how retailers are trying to cash in and how you should be trading it right now. we have to get straight to america's most valuable company and that is apple shares falling yet again today. it is not just cnbc taking notice. michael wolf asks whether the age of apple is ending? is this the ultimate contrarien indicator. he says the tip is know
let them go over the fiscal cliff. the deal is within reach. >> and not even america's favorite stock is immune. >> why are you buying apple here? >> it was overpriced at 536. >> there is one man you can always count on. >> big pop for "sky fall." the newest installment knocked them dead at the box office over the weekend and sold tickets. >> to help us find fast money special guest is in town. let's get to it. "fast money" starts right...
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413
Sep 6, 2012
09/12
by
CNBC
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eye 413
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and, you know, the fiscal cliff, at least the fiscal slide of some kind lies ahead. we'll have more slowdown and heading towards the stall speed. the probable outlook for the labor market is weak and treading water in the short term, then potentially some down side risk going into 2013. hopefully later on in 2013-2014 things will improve. >> many thought ben bernanke spelled out his case for the qe 3 in jackson hole. they confirmed that manufacturing has been weak. the issue is getting this through in this type of an environment where the qe 3 will be something the republicans will seize upon in influencing the elections. doesn't this nonfarm payroll need to be sufficiently weak to allow ben bernanke do his thing? >> i think that would help in a perverse way if the number were very weak. i don't think it's about one particular number. it's the general situation in the united states as a whole that shows up in the labor market being. >> showing up in general, but over the course of his speech he laid out the foundation for why he thought qe 3 should happen. the market
and, you know, the fiscal cliff, at least the fiscal slide of some kind lies ahead. we'll have more slowdown and heading towards the stall speed. the probable outlook for the labor market is weak and treading water in the short term, then potentially some down side risk going into 2013. hopefully later on in 2013-2014 things will improve. >> many thought ben bernanke spelled out his case for the qe 3 in jackson hole. they confirmed that manufacturing has been weak. the issue is getting...
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80
Dec 28, 2012
12/12
by
FBC
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eye 80
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byy the fiscal cliff, the debt ceiling -- shibani: the fiscal cliff -- >> cash is king. next you may expect earnings -- it is better than losing. we have seen how fast these markets are reacting to the news. yesterday if you wanted to take a larger position you could short the market using exchange traded funds without getting out of your positions and go into the bond market for the treasury's o take some kind of yield out of that. shibani: specific names. >> t l p is long-term treasury bond which for full disclosure i own from my clients. i am short using the et after the stock-market and the s&p and the dow and the russell. my client's head of ford folios and we have smaller stocks like family dollar stores. if the economy gets worse and full disclosure we do own family dollar, these kind of companies are going to do well when people have no money. shibani: great hedge plays, thanks very much. -pdennis: john brown coming up, the only real fix for washington gridlock is to limit legislators to 1-year terms. shibani: crisis averted on the east coast. massive looming por
byy the fiscal cliff, the debt ceiling -- shibani: the fiscal cliff -- >> cash is king. next you may expect earnings -- it is better than losing. we have seen how fast these markets are reacting to the news. yesterday if you wanted to take a larger position you could short the market using exchange traded funds without getting out of your positions and go into the bond market for the treasury's o take some kind of yield out of that. shibani: specific names. >> t l p is long-term...
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Dec 5, 2012
12/12
by
FOXNEWSW
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eye 238
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fiscal cliff, beyond the fiscal cliff. let me get to this steve. this is about including the debt ceiling. and what the president said about that in this negotiation today. >> we are not going to play that game next year. >> if congress in any way suggests they will tie negotiation to debt ceiling votes and take us to the brink of default once again, part of a budget negotiation, which by the way we have never done in our history until we did it last year. i will not play that game. because we have to break that habit before it starts. >> bret: what about that? >> well, the president had as many red lines for iran as for house republicans. i think what kirsten said is absolutely remarkable. it is about the scalp. it's about the president having made a campaign argument for the better part of 2012. so that he could run a class warfare campaign. now having to make good on that with the base of his party. the u.s. economy be damned. the republicans offered to give so much and offering precisely what erskine bowles laid out as a compromise position in
fiscal cliff, beyond the fiscal cliff. let me get to this steve. this is about including the debt ceiling. and what the president said about that in this negotiation today. >> we are not going to play that game next year. >> if congress in any way suggests they will tie negotiation to debt ceiling votes and take us to the brink of default once again, part of a budget negotiation, which by the way we have never done in our history until we did it last year. i will not play that game....
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222
Nov 14, 2012
11/12
by
CNBC
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eye 222
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you've got the fiscal cliff. more importantly, you have a fiscal abyss, which is what do we do going forward. >> $16 trillion in debt. >> how do we make sure that the united states continues to have a growing and vibrant economy? i think that simpson-bowles gave a good blueprint for what we need to do there where everybody shared and sacrificed what with to do. both taxes and tax rates went up. spending got reduced. so i think we're at a point now in our country we just had an election, people are aware of these problems. they expect elected officials in washington, including the president of the united states to compromise and work together to come up with a solution. >> you have to operate your business regardless of what's going on in the world. you as a businessman, how are you dealing with this? do you need to resize the business, do something different in terms of facing the new reality where you are going to see tax rates go higher, you are going to see a heavy regulatory environment? what are you doing di
you've got the fiscal cliff. more importantly, you have a fiscal abyss, which is what do we do going forward. >> $16 trillion in debt. >> how do we make sure that the united states continues to have a growing and vibrant economy? i think that simpson-bowles gave a good blueprint for what we need to do there where everybody shared and sacrificed what with to do. both taxes and tax rates went up. spending got reduced. so i think we're at a point now in our country we just had an...
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69
Aug 13, 2012
08/12
by
CNBC
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eye 69
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will that actual ly ly. >> there is a fiscal cliff issue. you hear it time and again about the hesitation. because they don't know not just the fiscal cliff but the overall administration. what is going to be their stance towards business. >> i agree. and i will take the gloves off. but i do think that it's a positive that we have got these guys talking about what is that 800 pound gorilla in the room. they keep looking at how much we're spending versus how much greece spends. i think we have to focus back in on these. if you didn't have somebody like paul ryan on the ticket, then i think the talk, basically goes to, well, mitt romney worked at bain capital. so what. that's a good thing. but we will see what the voters think. >> we talk about boxing. today's after a run we have had in the markets, it's been a period where they have kept peop people. >> all right. ryan may be chairman of the house's budget committee but is there reason to believe. chief u.s. economist, he joins us right now. it's great to have you with us. >> i think that's g
will that actual ly ly. >> there is a fiscal cliff issue. you hear it time and again about the hesitation. because they don't know not just the fiscal cliff but the overall administration. what is going to be their stance towards business. >> i agree. and i will take the gloves off. but i do think that it's a positive that we have got these guys talking about what is that 800 pound gorilla in the room. they keep looking at how much we're spending versus how much greece spends. i...
138
138
Dec 10, 2012
12/12
by
KTVU
tv
eye 138
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how tumbling over the fiscal cliff could affect the housing recovery. in today's cover story, coffee bean prices are dramaticly lower. why the price of some cups of joe remains the same. plus, a breakdown of the recent jobs data. what sector is still struggling? what you can expect to pay at the gas pump this holiday season. and, this year's literary sensation made for a very merry christmas for workers at a publishing house. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's monday, december 10th. i'm angela miles. in today's first look: traders are watching for a santa claus rally, but it's not happening for tech yet. on friday the dow finished off a 3-session winning streak, but the nasdaq lost more ground as apple continues to sink tech stocks. gold rallied above $1,700 an ounce, while oil pulled back. aig reports its losses from damage and destruction caused by superstorm sandy will be $1.3 billion. it's green monday. the second monday in december is considered a cri
how tumbling over the fiscal cliff could affect the housing recovery. in today's cover story, coffee bean prices are dramaticly lower. why the price of some cups of joe remains the same. plus, a breakdown of the recent jobs data. what sector is still struggling? what you can expect to pay at the gas pump this holiday season. and, this year's literary sensation made for a very merry christmas for workers at a publishing house. first business starts now. you're watching first business: financial...
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1.8K
Dec 7, 2012
12/12
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KQEH
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eye 1,779
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and one of our viewers has a question for you about the fiscal cliff. you know all about the back and forth and drama about the fiscal cliff and delores wants your thoughts on where do you stand on this whole fiscal cliff, how will it play out. >> congress better get off its duff and do something. and i think that finally the pressure will be on us. but they always do it right to the last, you know, minute. but i think it's got to happen or they're going to be ousted from their hallowed political seats. >> tom: you could argue in the three years you've been away from the nbr anchor desk congress hasn't done a lot to address the fiscal situation. >> no it's just ridiculous. i mean these are our elected representatives and they have got to pay a little more attention to those that got them in the office. and they're arguing amongst themselves without much care about the people they represent. >> tom: a lot of those folks are retiree, we have a question from anita asking what is the investing or financial planning lesson paul use most during retirement? >>
and one of our viewers has a question for you about the fiscal cliff. you know all about the back and forth and drama about the fiscal cliff and delores wants your thoughts on where do you stand on this whole fiscal cliff, how will it play out. >> congress better get off its duff and do something. and i think that finally the pressure will be on us. but they always do it right to the last, you know, minute. but i think it's got to happen or they're going to be ousted from their hallowed...
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142
Nov 30, 2012
11/12
by
CURRENT
tv
eye 142
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let's start with the fiscal cliff. secretary reich if we hit the fiscal cliff would it be devastating and hence we must do cuts in social security and medicare? >> first of all the fiscal cliff is a misnomer. it really is not a cliff. we can go over it and a lot of people won't feel much, particularly if democrats do what they say they're going to do, and that is pass a bill that makes the tax cuts retroactive to january 1 for the middle class. that's what democrats would do, giving them maximum bargaining with the republicans. we don't have a debt crisis. that's another might geology that a lot of people, republicans and media are talking about. there is no the a budget deficit crisis right now. in the years beginning 10 years from now, we will have very large budget deficits, but those are because of health care costs rising projected to rise very, very high and that's going to hurt medicare and medicaid, not because medicare and medicaid are the problems, but because underlying those medicare and medicaid problems p
let's start with the fiscal cliff. secretary reich if we hit the fiscal cliff would it be devastating and hence we must do cuts in social security and medicare? >> first of all the fiscal cliff is a misnomer. it really is not a cliff. we can go over it and a lot of people won't feel much, particularly if democrats do what they say they're going to do, and that is pass a bill that makes the tax cuts retroactive to january 1 for the middle class. that's what democrats would do, giving them...
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35
Nov 27, 2012
11/12
by
CNBC
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eye 35
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maybe it's on the resolution of the fiscal cliff. that's positive going into 2013 in terms of a reallocation trade getting back to the energy, the materials, and the industrials. >> durable goods report today was better than many expected it to be. riday was pretty good.s good. a lot of the economic data coming in of late was pretty good. >> today if you look at the core durable goods and machinery and industrial goods, it was actually great for the first month of a quarter. usually that's the weakest month as the quarter progresses and gets strong. that was very, very unusual leading people to be optimistic. the interesting thing is the stocks didn't follow. cat was down or flat. deere is not doing much. so there's sort of this disconnect between the market and what we see from the economic data. >> the economy is front and center down in the nation's capital. the president meeting with more ceos today to discuss that and the fiscal cliff. we've the latest on the fiscal cliff negotiations. >> the president is meeting with small busi
maybe it's on the resolution of the fiscal cliff. that's positive going into 2013 in terms of a reallocation trade getting back to the energy, the materials, and the industrials. >> durable goods report today was better than many expected it to be. riday was pretty good.s good. a lot of the economic data coming in of late was pretty good. >> today if you look at the core durable goods and machinery and industrial goods, it was actually great for the first month of a quarter. usually...
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72
Nov 14, 2012
11/12
by
CNBC
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eye 72
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lots of discussion regard rg the fiscal cliff. a piece of the conversation focuses on the tax hikes that the president is looking to impose on those high income earners, those who make $250,000 are the households that are considered rich in this country. answer to that question depends on where you live. for example, living in new york costs about double compared to living in peoria, illinois according to salary.com. new york employers may pay a bit more to compensate but only about 30% for similar jobs. also consider housing costs as well. a three to four bedroom house in glendale, california is about $750,000. comparable area, twin falls, idaho, is about $325,000 for the same kind of house. what about the cost of food? an assortment of groceries in new york city. 72% more than those same72% more same items in twin falls, idaho. about two years ago, the fiscal times commissioned a study on this from a national tax accounting firming. they looked at several areas around the country for this hypothetical couple that earns $250,000
lots of discussion regard rg the fiscal cliff. a piece of the conversation focuses on the tax hikes that the president is looking to impose on those high income earners, those who make $250,000 are the households that are considered rich in this country. answer to that question depends on where you live. for example, living in new york costs about double compared to living in peoria, illinois according to salary.com. new york employers may pay a bit more to compensate but only about 30% for...
138
138
Dec 27, 2012
12/12
by
FBC
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eye 138
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we'll talk about the fiscal cliff ad knaus see yum. that's what we do when you're talking about the economy. appreciate you both being here. it is the fiscal cliff gridlock which is helping to suck the holiday cheer out of many shoppers. a new report says u.s. holiday sales climbed just .7 of a percent over last year. that is their slowest rate of growth since 2008 when the recession was in full force but are people just temporarily stuffing their money in the mattress due to the fisl cliff? or is this the start of a long-term spending halt by consumers? joining us to discuss all of this is retail analyst. we appreciate you being here. we were reporting about this today on the fox business network. one i think it was mastercard spending pulse saying it actually not the fiscal cliff, it was superstorm sandy. >> right. adam: at the end. day are consumers pulling back? doesn't matter if it was the storm or fear they're pulling back, right. >> that was a real good point you made. mastercard said this these numbers were becoming a concern f
we'll talk about the fiscal cliff ad knaus see yum. that's what we do when you're talking about the economy. appreciate you both being here. it is the fiscal cliff gridlock which is helping to suck the holiday cheer out of many shoppers. a new report says u.s. holiday sales climbed just .7 of a percent over last year. that is their slowest rate of growth since 2008 when the recession was in full force but are people just temporarily stuffing their money in the mattress due to the fisl cliff? or...
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Dec 28, 2012
12/12
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cliff. >> barrasso said president obama is eager to go over the fiscal cliff. senator barrasso joins us. well, why do you say that? >> well, i think the president sees political victory at the bottom of the cliff in term of the increased tax money coming in that he can spend for other programs. i think he sees a lot the military which the democrats have been after for a long time and then he gets to do what he loves to do, is to blame republicans. my concern is that i actually see financial problems for our nation at the bottom of the cliff and that's why i want to get a solution. >> tomorrow do you think it's going to be the beginning of the emergency meeting at the white house, is it the beginning of a deal or is it a political drama? >> my concern is it may be a political charade by the president and harry reid and nancy pelosi. i hope it actually is the beginning of a deal because if we don't get it done now, we need to go and make sure that things get done so we don't raise taxes and taxes aren't raised for all these americans that are looking at it come j
cliff. >> barrasso said president obama is eager to go over the fiscal cliff. senator barrasso joins us. well, why do you say that? >> well, i think the president sees political victory at the bottom of the cliff in term of the increased tax money coming in that he can spend for other programs. i think he sees a lot the military which the democrats have been after for a long time and then he gets to do what he loves to do, is to blame republicans. my concern is that i actually see...
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Dec 27, 2012
12/12
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WBAL
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lawmakers gear up to tackle the fiscal cliff on capitol hill. >> the fiscal cliff deadline is inching closer. the aviation industry is not worried. they say they will not face immediate destruction. the defense industry urging congress to shift its attention from the cuts than to fighting over taxes. if the cuts take effect, many jobs would be lost. starbucks taking a stand on the cliff. asking customers to write "come together" on cups. toyota will take a $1.1 billion charge to settle a lawsuit that has to do with more than 10 million vehicles because of unintended acceleration. good news for the housing market. homes i use will rise as much as 2.5% nationwide. they expect 2013 to be a seller's market. the best places to buy include cleveland and philadelphia. i'm ellen braitman with the bloomberg business report. >> 5:22. support pours into newtown, connecticut. a memorial that includes every gift and a letter. don't forget to e-mail us your response to our water cooler question of the day. will you be more likely to visit a maryland casino now that some are open 24/7? you can share
lawmakers gear up to tackle the fiscal cliff on capitol hill. >> the fiscal cliff deadline is inching closer. the aviation industry is not worried. they say they will not face immediate destruction. the defense industry urging congress to shift its attention from the cuts than to fighting over taxes. if the cuts take effect, many jobs would be lost. starbucks taking a stand on the cliff. asking customers to write "come together" on cups. toyota will take a $1.1 billion charge to...
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Dec 26, 2012
12/12
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we've got short-term with the fiscal cliff and then after the fiscal cliff. give me what your predictions are as we navigate the roller-coaster ride that will happen over the next few days? >> okay. i think we saw the bottom for national prices at about 3.21 on the last day of autumn. we'll wobble a little bit higher in the next two months. we'll probably get a sugar rush at start of the year with a lot of money coming into commodities. we'll get a typical surge we get from february through april. i think it will take us to about 3.75, but not to some of highs we've seen in previous years. the average price this year is 3.61. i think we'll average less than that next year. somewhere between 325 and 3.75 for the average. a little bit of good news. shibani: so the consumer can count on a few extra bucks in their pocket not taken out at the pump. >> the consumer actually i heard one of your guests talking about retail sales, consumer is using 5% last gasoline in the last four weeks than last year. it seems as though the high numbers do take a toll at one point.
we've got short-term with the fiscal cliff and then after the fiscal cliff. give me what your predictions are as we navigate the roller-coaster ride that will happen over the next few days? >> okay. i think we saw the bottom for national prices at about 3.21 on the last day of autumn. we'll wobble a little bit higher in the next two months. we'll probably get a sugar rush at start of the year with a lot of money coming into commodities. we'll get a typical surge we get from february...
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Dec 3, 2012
12/12
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forget about the fiscal cliff back and forth. heard from boehner and geithner that you talked about but, listen, some things looking better in europe this morning actually. i know it's boring but the greek deal looks a little more likely. germany making positive comments so stock futures are up. big story in "the wall street journal" about how the rest of the world is slow to get on the natural gas bandwagon which could be good for the united states and canada because they need gas around the world which means we may be the more likely go-to source and delta airlines reportedly in the hunt for half a stake in virgin atlantic. they covet some new landing spots at heathrow airport. barnicle can fly back and forth on london to get a new castle or a guinness or whatever his choice is. and i'm going to leave you with this. it is the 20th birthday of the text message. on this date 20 years ago, it was created. and now university students send an average of 3,200 text messages per month rof, lol, omg. >> brian, quickly, back to the virg
forget about the fiscal cliff back and forth. heard from boehner and geithner that you talked about but, listen, some things looking better in europe this morning actually. i know it's boring but the greek deal looks a little more likely. germany making positive comments so stock futures are up. big story in "the wall street journal" about how the rest of the world is slow to get on the natural gas bandwagon which could be good for the united states and canada because they need gas...
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Nov 30, 2012
11/12
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but again only on news of setbacks to the fiscal cliff talks. we're not going to go in and buy anything these days. you'll get some representative congressman, senator come on say you stupid idiot. you bought stock and i'm talking on a microphone. i'm sending the stock market down because there's no progress. we have not one but two huge analyst days next week. only one an opportunity to buy. starbucks is coming to town on wednesday. you better get ready for one terrific show as the one and only howard schultz i believe will tell you that business is smoking in so many places in china to the united states and that tebana will be the next generation starbucks as soon as the merger is completed. the next day yum brands. it's coming to town. that company will have some explaining to do. i will have more on what yums needs to tell us. the sting of the earnings shortfall last night will still be with us no matter how good kentucky fried chicken might taste. also we hear from lulu lem athletics. i got a situation for how to trade this wild stock. wait
but again only on news of setbacks to the fiscal cliff talks. we're not going to go in and buy anything these days. you'll get some representative congressman, senator come on say you stupid idiot. you bought stock and i'm talking on a microphone. i'm sending the stock market down because there's no progress. we have not one but two huge analyst days next week. only one an opportunity to buy. starbucks is coming to town on wednesday. you better get ready for one terrific show as the one and...
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Dec 5, 2012
12/12
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especially the fiscal cliff. in this grim environment you can find sectors that are holding up better than you might think. poncy says the pull back in retail might be just the moment that you want to pull the trigger to this key sector index. wouldn't that be something? stay with cramer and we will be right back. >> coming up. something is brewing. starbucks has been serving up solid returns. but could concerns about its moving to tea mean it is time to layoff the caffeine or is this your chance to fill up your cup before the shares really get percolating? cramer is grinding through the facts next. >>> tomorrow we are going to hear from one of my favorite companies and it is starbucks. having its biennial analyst day. right now it is more than ten points off its high for the year. i think it could mark the beginning of the stock's next big rally. you can follow along at actionalertsplus.com. a service that i do with the street. tomorrow i expect a terrific story. i'll give you a preview. lots of people ask me ho
especially the fiscal cliff. in this grim environment you can find sectors that are holding up better than you might think. poncy says the pull back in retail might be just the moment that you want to pull the trigger to this key sector index. wouldn't that be something? stay with cramer and we will be right back. >> coming up. something is brewing. starbucks has been serving up solid returns. but could concerns about its moving to tea mean it is time to layoff the caffeine or is this...
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Dec 1, 2012
12/12
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CNNW
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and that the rhetoric around the fiscal cliff or what i like to call the fiscal bluff is really just a way to thinly shroud these drastic budget cuts that will result in 60,000 people with aids around the world dying. these are preventable deaths that we could otherwise avoid if these budget cuts don't go through. >> let's talk about those cuts because the aids, their speculation is that more than $500 million will be cut from hiv/aids programs in the first year if it goes into effect. do you see the need for entitlement reform at any measure and, if you do, what cuts would your group be okay with? >> so, here's the thing. if we could just pass a tiny tax on the speculative stock transactions, a robinhood tax, we could actually generate up to $350 billion, and i said billion dollars a year. every single year. that would be more than enough money to end the aids pandemic and to have money left over for the largest jobs program that we ever dreamed of and enough money to fight against climate change so us up here in new york won't have to face things like hurricane sandy, again. a robi
and that the rhetoric around the fiscal cliff or what i like to call the fiscal bluff is really just a way to thinly shroud these drastic budget cuts that will result in 60,000 people with aids around the world dying. these are preventable deaths that we could otherwise avoid if these budget cuts don't go through. >> let's talk about those cuts because the aids, their speculation is that more than $500 million will be cut from hiv/aids programs in the first year if it goes into effect. do...
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Dec 26, 2012
12/12
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FBC
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tonight to work on a fiscal cliff deal. now, if the stakes weren't high enough, the treasury department upped ante just a short time ago. it announced the u.s. will hit the debt ceiling on december 31st that is monday. treasury department is undertaking and this is a quote, extraordinary measures to postpone the country's date with the debt deadline, but will this bring a new sense of urgency and motivate politicians to reach a budget deal. joining us now, lindsey piegza, economist with ftn financial and james freeman, assistant editor of "the wall street journal"'s editorial page. james, i will start with you. does the treasury department's statement literally within the last hour we'll hit the debt ceiling deadline on monday, does that add any kind of motivation they need to get their act together in washington? >> i don't know. i think it might just add a little skepticism. you remember when we went through this at 2011. they had various dates, finally months into it in august they said this is the real deadline. knowing
tonight to work on a fiscal cliff deal. now, if the stakes weren't high enough, the treasury department upped ante just a short time ago. it announced the u.s. will hit the debt ceiling on december 31st that is monday. treasury department is undertaking and this is a quote, extraordinary measures to postpone the country's date with the debt deadline, but will this bring a new sense of urgency and motivate politicians to reach a budget deal. joining us now, lindsey piegza, economist with ftn...
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Nov 14, 2012
11/12
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FBC
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nicole: people talk about the fiscal cliff. would they talk about demand for potash and the fertilizer company mosaic to the down. it is down 3.4%. they talk about the man in the near-term, challenge next to it is potash, that is down nearly 3%. part of it is demanded that deals with china which mosaic says they hope they will come for next year. this may be a short-term problem but it is hitting these two stocks directly here today on a day when we got hit pretty hard. we are down 185 points. over half of the names in correction mode. liz: people still need to eat. dan is with us, capital management csi 0. you said don't hide. you promised three names. look at potlatch and mosaic. >> we look at the charts there. those stocks, cycles, markets are very different and tight, inventory depletion and restocking. i happen to think those are interesting companies to look at full backs. liz: three areas, energy and the no. one moneymaker. >> 8 ms holdings, missed the earnings estimates they do to the medicaid programs, the medicaid hmo
nicole: people talk about the fiscal cliff. would they talk about demand for potash and the fertilizer company mosaic to the down. it is down 3.4%. they talk about the man in the near-term, challenge next to it is potash, that is down nearly 3%. part of it is demanded that deals with china which mosaic says they hope they will come for next year. this may be a short-term problem but it is hitting these two stocks directly here today on a day when we got hit pretty hard. we are down 185 points....
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Nov 8, 2012
11/12
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the road and push the fiscal cliff off. just like last august with the debt ceiling, it's going to get messy. i think we're going to be in a period of volatility. >> are we kidding ourself when is we say that europe is a big part of this decline because of the debt crisis? are we ignoring the fiscal cliff to some degree? >> i don't think we're ignoring it now. i think we were ignoring it for a good, long time. i'm not an optimist, but i'm a realist. i do believe there will be some sort of resolution. the fact is, these are real concerns. the market needs a good gut-wrenching down right now. >> we're getting it right now. down 100 points on the industrial average. so now we are setting lows for the session. now the s&p is below its 200-day moving average, which was at 1380 and change. you think we continue this tomorrow? we have one more day to go this week. >> if i'm somebody looking to get in, i'm looking at my portfolio. i'm looking at the dogs i've got. i'm thinking about maybe, you know, starting to get a little bit of
the road and push the fiscal cliff off. just like last august with the debt ceiling, it's going to get messy. i think we're going to be in a period of volatility. >> are we kidding ourself when is we say that europe is a big part of this decline because of the debt crisis? are we ignoring the fiscal cliff to some degree? >> i don't think we're ignoring it now. i think we were ignoring it for a good, long time. i'm not an optimist, but i'm a realist. i do believe there will be some...
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Nov 9, 2012
11/12
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WBAL
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fiscal cliff has been out there for a year. the only reason it's more front and center now is that, well, gee, governor romney lost. as long as his candidacy was alive, a chance for a deal was alive because a new cast of characters in washington would be coming in. typically a republican in the white house that gives you the hope of anything drastic could be reached. now we're back to the same antagonists who couldn't agree last time. so i have another comeback. my pro. simple. why shouldn't we think something can be worked out and the politicians can rise above this partisan warfare? the intransigence of the republicans arguably cost them the white house. and a bunch of what should have been certain senate seats. something that should have been a given, given the lousy unemployment numbers. they have to realize it's electoral suicide to stick by the promise to never raise taxes for the ultra rich. if they do so, they run the risk of being voted out of congress. that's the take away of tuesday night. it's a pretty powerful ince
fiscal cliff has been out there for a year. the only reason it's more front and center now is that, well, gee, governor romney lost. as long as his candidacy was alive, a chance for a deal was alive because a new cast of characters in washington would be coming in. typically a republican in the white house that gives you the hope of anything drastic could be reached. now we're back to the same antagonists who couldn't agree last time. so i have another comeback. my pro. simple. why shouldn't we...
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Jul 26, 2012
07/12
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let's talk about the fiscal cliff. kristin legard saying the fiscal cliff is a big problem for the u.s. economy. we don't hear anything that we're going to do. with all due respect, when will the adults enter the room and come to an agreement about the important issues that have all of these american lives in the balance? >> i don't take kindly to being called a non-adult. you remind me of your colleague -- i'm trying to talk about the tone in which we talk about them. yes, i want to talk seriously about the issues, i tried to response to questions you raised, you changed the subject. i think you need some tax increase, some cuts in the military, and some cuts on domestic spending. the problem you have and you say i blame the bush administration, i didn't blame them, i embraced it -- >> but you just said a minute ago the replicans squaurted any chance of getting anything done. rewind the tape. >> you're not going to do this, you're not going to mistake what i said and stop me off from responding. i didn't say they squa
let's talk about the fiscal cliff. kristin legard saying the fiscal cliff is a big problem for the u.s. economy. we don't hear anything that we're going to do. with all due respect, when will the adults enter the room and come to an agreement about the important issues that have all of these american lives in the balance? >> i don't take kindly to being called a non-adult. you remind me of your colleague -- i'm trying to talk about the tone in which we talk about them. yes, i want to talk...
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Aug 8, 2012
08/12
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. >> fiscal cliff, worried, not worried? >> the fiscal cliff, are you worried, not worried? >> you bet i'm worried. i think washington is stymied until the end of the year and whether they carve a deal to keep us in good shape is problematic at worst. >> fed should act or not act? >> what do you think the federal reserve should do? >> oh, should the fed act? i think the fed should continue on the path they're on and step in if there's weakness. at the end of the day we have to create jobs. we have to put people back to work and drive the consumer and our economy. >> do you think the market and maybe investors in general are putting too much faith in the fed? aren't they limited? they can't necessarily get companies to hire. they can try to prod them to hire. >> well, you know, in years past we have had job incentives. all kinds of legislative action that would create jobs. i think people are putting a lot of pressure on the fed because there's nobody else to put pressure on. there's nobody else to turn to. >> how do you think they should best fix what ail it is country? ther
. >> fiscal cliff, worried, not worried? >> the fiscal cliff, are you worried, not worried? >> you bet i'm worried. i think washington is stymied until the end of the year and whether they carve a deal to keep us in good shape is problematic at worst. >> fed should act or not act? >> what do you think the federal reserve should do? >> oh, should the fed act? i think the fed should continue on the path they're on and step in if there's weakness. at the end of...
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Nov 14, 2012
11/12
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MSNBC
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what happens if we go off the fiscal cliff? what is the fiscal cliff? >> well -- >> i can't even balance a checking account. what is it? >> it's actually more like 2 1/2 cliffs because you have three things happening in the next few months. you have the bush-era tax cuts expiring. you have the obama stimulus tax cuts expiring. you've got a collection of the spending increases that were agreed last year coming into force. and you've also got -- sorry, spending cuts coming into force. and you've also got the debt ceiling in the sense that congress is going to have to get permission to issue more bonds. and those three things coming together create a very nasty shock. and essentially if you do nothing, if you let the spending cuts happen, if you have the tax cuts roll off and you have essentially tax increases, you'll get a hit that's worth 3% to 4% worth of gross domestic production, and that will almost certainly push the economy back into recession. so there's an awful lot at stake right now. what paul ryan said is very interesting because we had an edi
what happens if we go off the fiscal cliff? what is the fiscal cliff? >> well -- >> i can't even balance a checking account. what is it? >> it's actually more like 2 1/2 cliffs because you have three things happening in the next few months. you have the bush-era tax cuts expiring. you have the obama stimulus tax cuts expiring. you've got a collection of the spending increases that were agreed last year coming into force. and you've also got -- sorry, spending cuts coming into...
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and house speaker john maynard discuss and the fiscal cliff and president barack obama suppresses his case today for a tax hike to help reduce the deficit. we are not insisting on rates just out of spite or any kind of partisan victory but rather because we need to raise a certain amount of revenue. >> and he made that pitch to several wealthy ceos he wants to raise taxes on the top 2 percent of income earners and he believes this will help raise the government's 16 trillion dollar debt coupled with spending cuts but the republican controlled house says the president has not responded to their latest proposal. >> i think we made a good-faith offer to avert the fiscal crisis and that offer included significant spending cuts and reforms and it included additional revenue and frankly it was the balanced approach mr. president has been asking for. erick kanter announced today there will be no adjournment into a credible solution to the fiscal cliff is found. >> house lawmakers proposed a bill today they claim will bring the costs under control and provide a safe retirement, it creates two
and house speaker john maynard discuss and the fiscal cliff and president barack obama suppresses his case today for a tax hike to help reduce the deficit. we are not insisting on rates just out of spite or any kind of partisan victory but rather because we need to raise a certain amount of revenue. >> and he made that pitch to several wealthy ceos he wants to raise taxes on the top 2 percent of income earners and he believes this will help raise the government's 16 trillion dollar debt...
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Dec 1, 2012
12/12
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i think we will avoid the fiscal cliff. if that's the case, it's a $66 stock and you could go higher. that ladies and gentlemen is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. >> believe it or not, i actually used to be a mountain climber. what do you think? always had the best gear, climb up from whatever crevice or abyss faced me. this is the day when my equipment felt a little superfluous. buckle my helmet, will you? wow, am i ever ready for this baby. >> hi, jim. john jay, i don't know if anyone ever told you, but you resemble billy joel, not lennon like you showed that portrait. >> if i look like billy joel i'm done eating. done eden. that's a play on where you're from. i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make money. i'm just trying to -- without regina i'm lost. without regina i'm lost! we got some great news to report tonight. our fabulous executive producer regina had a baby girl today. we want to welcome to the world rg2. why
i think we will avoid the fiscal cliff. if that's the case, it's a $66 stock and you could go higher. that ladies and gentlemen is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. >> believe it or not, i actually used to be a mountain climber. what do you think? always had the best gear, climb up from whatever crevice or abyss faced me. this is the day when my equipment felt a little superfluous. buckle my helmet, will you? wow, am i ever...
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Dec 29, 2012
12/12
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KCSM
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house in order. >> are both parties determined to go over the fiscal cliff together? let's bring in our washington correspondent for more on this. what can you tell us about the meeting coming up in less than an hour? what will the president talking about with the republican leadership? >> there are only six people who really know what is going on, and what will really happen at the white house, and they will not talk, but i expect them to talk about higher taxes for the wealthy. are the republicans willing to accept that? they will also talk about entitlement spending cuts. are the democrats willing to accept that the government will spend less money? if this is the case, then they might find common ground. one important issue, of course, is going to be the members of the tea party. they are saying compromise is a bad word. of course, it will be difficult for them to find a compromise, to bring them into the boat. >> we had the meeting today. we have the special session on sunday. do you expect a compromise, or are we going over the cliff? >> this is really difficult
house in order. >> are both parties determined to go over the fiscal cliff together? let's bring in our washington correspondent for more on this. what can you tell us about the meeting coming up in less than an hour? what will the president talking about with the republican leadership? >> there are only six people who really know what is going on, and what will really happen at the white house, and they will not talk, but i expect them to talk about higher taxes for the wealthy....